Highly stylized output of models that assume supply-constraints on growth are the norm, and which are presented as effects on “growth” and “jobs” with no further context are notably unuseful, and often actively misleading in today’s policy debates.
The good news is that we can fix tax injustice, right now. There is nothing inherent in modern technology or globalization that destroys our ability to institute a highly progressive tax system. The choice is ours.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality